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Home > Prudential Regulation Authority > Strengthening accountability - Policy development
 

Strengthening accountability - Policy development

Implementation

The new regimes came into effect on 7 March 2016. The policy development of the Strengthening accountability project can be found on this page. Please also see the SMR and SIMR submitting, amending, withdrawing pages in related links.

Mapping tables

Tables mapping existing controlled functions to their equivalent Senior Management Functions are available in relevant PRA publications as below:
​Firm/regime type
​Location of mapping table
​SMR for branches
PS29/15, Paragraph 1.5, Table 1​
​SMR excluding branches
​PS16/15, Paragraph 3.9, Table 2.A
​SIMR for Solvency II firms
​PS22/15, Paragraph 3.7, Table A
​SIMR for non-Solvency II insurance firms
​PS26/15, Chapter 4, Table A
 
See 'Policy development' below for a link to the relevant publication. 

Policy development

Date
Title
CP open / closed
​​Final policy published / planned
​03.10.17 ​CP18/17 'Occasional Consultation Paper' (includes proposals on Short Form A) Closing 03.11.17​ tbc
​03.10.17 ​PS24/17 'Strengthening accountability in banking: changes to SMR forms' n/a​
​26.07.17 CP14/17 'Strengthening individual accountability in insurance: extension of the Senior Managers and Certification Regime to insurers' Closing ​03.11.1​03.11.17​ ​tbc
​13.06.17 CP8/17 Strengthening accountability in banking and insurance: optimisations to the SIMR, and changes to SMR forms

Chapters 2 and 3 -  closing 22.09.17

Chapter 4 - closing 14.08.17​​

​tbc
​12.05.17

PS12/17 Strengthening individual accountability in banking and insurance: amendments and optimisations

SS28/15 Strengthening individual accountability in banking UPDATE

SS35/15 Strengthening individual accountability in insurance UPDATE

Statement of policy - Conditions, time limits and variations of approval UPDATE

n/a​
​28.09.16

PS27/16 Strengthening accountability in banking and insurance: PRA requirements on regulatory references (part II)

SS28/15 Strengthening individual accountability in banking UPDATE

SS35/15 Strengthening individual accountability in insurance UPDATE

SS28/15 and SS35/15 updated on 12.05.17
​28.09.16 CP34/16 Strengthening accountability in banking and insurance: amendments and optimisations Closed 09.01.17​ Final policy published on 12.05.17
​31.03.16

PS13/16 Corporate governance: Board responsibilities

​n/a
​02.03.16 ​PS9/16 Strengthening individual accountability in banking: responses to CP1/16, and the Certification Part of CP29/15 n/a​​
​15.02.16  ​n/a See PS27/16​
​06.01.16 CP1/16 Strengthening individual accountability in banking: amendments to notification rules and forms ​Closed 08.02.16 See PS9/16
​06.01.16 ​SS28/15 Strengthening individual accountability in banking UPDATE Updated on 28.09.16
​16.12.15
n/a​
​16.12.15
Updated on 06.01.16
​16.12.15
n/a​
​20.11.15
​ ​n/a
​06.10.15
Closed ​07.12.15
See PS5/16 & PS27/16
​18.09.15
Closed​ 19.10.15
​Final policy in PS29/15
​13.08.15
Closed 12.10.15
​Final policy in PS26/15.
​13.08.15 PS20/15 Strengthening individual accountability in banking: UK branches of non-EEA banks ​n/a
​​13.08.15
​n/a
​​13.08.15
​n/a
​​13.08.15
Updated on 28.09.16
​07.07.2015
Minor amendments and corrections in PS20/15
​07.07.15
Updated on 16.12.15
​07.07.15
Updated on 12.05.17
​21.05.15
​Closed 14.09.15
Final policy in PS13/16 and SS5/16
​27.03.15
​Closed 15.05.15
​Final policy in PS22/15
​27.03.15
​Closed 15.05.15
First set of policy in PS21/15
See also CP26/15 for further proposals
​23.03.15
Minor amendments and corrections in PS20/15
​20.03.15
n/a​ ​
16.03.15
 
Closed 
25.05.15
Final policy in PRA PS20/15, updated in PS29/15, and FCA FS15/3 Strengthening accountability in banking: UK branches of foreign banks - Feedback on FCA CP15/10
23.02.15
 
Closed
27.04.15
Banking policy in PS16/15 and SS28/15 UPDATE
 
Insurance policy in PS22/15 and SS35/15
19.12.14
Closed 27.02.15
Final set of policy in PS16/15
26.11.14
 
Closed 02.02.15
First set of final policy in PS3/15
 
Insurance policy in PS22/15 and SS35/15
11.08.14
 
Closed 07.11.14
Final policy in PS2/15
30.07.14
Closed 31.10.14
First set of final policy in PS3/15, PS16/15, SS28/15, and Statement of Policy: Conditions, time limits and variations of permission
 
 
 
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